Crypto Market Holds Steady Despite Bitcoin And Ethereum Plunge

The crypto landscape is going through a cautious phase, as the latest 24-hour data discloses. Hence, the total crypto market capitalization has hit $2.26T, indicating a 0.10% rise. However, the 24-hour crypto volume now stands at $73.05B, highlighting an 18.41% decrease. In the meantime, the Crypto Fear & Greed Index currently accounts for 25 points, displaying “Fear” among the market participants.

Bitcoin ($BTC) Drops by 3.19%, and Ethereum ($ETH) Sees 3.92% Decrease

Particularly, the top crypto asset, Bitcoin ($BTC), is now changing hands at $63,727.67. This price level underscores a 3.19% decrease, while the market dominance of Bitcoin ($BTC) is 58.4%. In addition to this, the flagship altcoin, Ethereum ($ETH), is trading at $1,723.97, presenting a 3.92% dip. In the meantime, Ethereum’s ($ETH) market dominance sits at 9.6%.

$BPX, $O, and $SYND Lead Crypto Gainers of Day

The list of today’s key crypto gainers includes Black Phoenix ($BPX), o1.exchange ($O), and Syndicate ($SYND). Specifically, $BPX has jumped by a stunning 2874.09%, hitting $2.71. Following that, a 745.14% increase has placed $O’s price at $0.05542. Subsequently, $SYND is now hovering around $0.02708 after a 489.64% growth.

DeFi TVL Plunges by 1.45%, and NFT Sales Volume Records 39.3% Slump

Decentralized Finance (DeFi) TVL has dropped by 1.45%, attaining the $73.466B mark. Additionally, the top DeFi project in terms of TVL, Lido, has plunged by 2.10% to reach $15.801B. Nonetheless, when it comes to 1-day TVL change, VisionBoard Vault has become the leading player in the DeFi market with a staggering 19236% jump over the past twenty-four hours.

On the other hand, the NFT sales volume has slumped by 39.3%, claiming the $1,391,303 spot. Additionally, the top-selling NFT collection, Courtyard, is 4.7% down at $364,007.

India Tightens Crypto Reporting Obligations for Leading Entities, Trump Plans to Assist Intel for 10% Equity Stake

The crypto industry has also seen many other critical developments across the globe over the past 24 hours. In this respect, the Indian Financial Intelligence Unit has asked key crypto exchanges to deliver information concerning over-the-counter crypto transfers worth over $10K, indicating a stringent global crackdown against shadow trades.

Moreover, U.S. President Donald Trump has declared a plan to assist Intel in bringing semiconductor production back to the country in return for a 10% equity stake. The EU is increasing crypto sanctions for foreigners, with Russia imposing exclusive fees on Western-associated stablecoins such as $USDC and $USDT.

Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.